A multilateral export-import banks association that aims to serve economic needs and relieve capital shortage in Northeast Asia, especially the Greater Tumen Initiative, was officially launched on Thursday in the Yanbian Korea autonomous prefecture in Jilin province.
China and the other members of an intergovernmental cooperation group in Northeast Asia said on Wednesday that interconnectivity and extending financing channels are its top priority.
To date, the Yanbian Korean autonomous prefecture, Jilin province, has more than 1,500 enterprises with foreign trade rights (including foreign-funded enterprises) and 520 enterprises with good performance in import and export trade.
When the 13th Changchun International Agricultural Food Exposition and Fair ended on Aug 24, it exceeded all expectations, attracting more than 1.8 million people and seen 12.5 billion yuan worth of contracts, for a record high.
A comprehensive bonded zone in northeast China's Jilin Province has been approved by the General Administration of Customs as a pilot cross-border e-commerce program.
China on Wednesday opened an international ginseng business-to-customer (B2C) e-commerce platform to boost sales of the traditional herb internationally.
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